Joe Roosevans - How to Successfully Save your Money Saving you money doesn’t have to be hard; in fact, with some basic budgeting you can really save a lot more than you think. Too often people just spend cash without thinking. $10 here, $15 there, without thinking about their monthly budget.
Is this a good strategy for saving? Well, if you have a lot of money then this is fine and won’t hurt you. However, if money is an issue and you find yourself counting the pennies, then budgeting is what you need. A budget doesn’t need to be complicated; a simple budget is all you need. Write down your monthly income after tax. This is how much money you have to spend. Now write down everything you need to pay, e.g. food, rent, bills. Now what do you have left? Hopefully a little bit. But the reality is you shouldn’t be spending more than this left-over money otherwise you a spending money you don’t have. This is where credit cards and loans come in and this is where personal finance gets more complicated. If you can avoid spending more money than you’re earning you will find personal finance a lot easier to cope with. If you have no